On Tuesday, President Trump said the United States will withdraw from the Iran nuclear deal.

Ian Winer, co-head of equities at Wedbush Securities, said the oil price declines from the decision are good for stocks, inflation fears and the consumer.

As for defense stocks, he's bullish on the sector amid the increase in U.S. spending on defense.

For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

 

 

More from Video

Striking Options: Global Crude Demand and Trade Tariffs

Striking Options: Global Crude Demand and Trade Tariffs

3 Things to Know at Market Close: Brexit Breakdown, Goodyear and JPMorgan Chase

3 Things to Know at Market Close: Brexit Breakdown, Goodyear and JPMorgan Chase

Norwegian CFO Mark Kempa's Key Insights on Cruising in 2019

Norwegian CFO Mark Kempa's Key Insights on Cruising in 2019

How to Spot a Bear Market: Jim Cramer Exclusive

How to Spot a Bear Market: Jim Cramer Exclusive

Takeda Pharmaceutical CEO Talks Big Pharma Trends

Takeda Pharmaceutical CEO Talks Big Pharma Trends